Corporate governance and family firm performance during the Global Financial Crisis

AbstractIn the wake of recent financial scandals and in the context of the global financial crisis, corporate governance is especially significant. We examine the effect of corporate governance practices on the performance of 106 mid-sized firms in India, between 2005 and 2007. Our results confirm a significant relationship between CEO duality and firm performance. We also find that a small board is more effective and enhances the value of the firm. However, in the Indian context, we find that non-executive independent directors are failing in their monitoring role.

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Effect of market and corporate reforms on firm performance: evidence from Kuwait

Investment Management and Financial Innovations ◽

10.21511/imfi.14(2-1).2017.02 ◽

2017 ◽

Vol 14 (2) ◽

pp. 156-175

Author(s):

Amani kh. Bouresli ◽

Talla M. Aldeehani

Keyword(s):

Corporate Governance ◽

Firm Performance ◽

Financial Crisis ◽

Capital Markets ◽

Capital Market ◽

Global Financial Crisis ◽

Listed Companies ◽

Direct Influence ◽

Significant Change ◽

The Global Financial Crisis

Following the global financial crisis in 2008, many countries have introduced economic and corporate reforms to assure fair markets and mitigate the risk of management misconduct. In this context, Kuwait has implemented two new major laws to restructure its capital markets and improve corporate governance. The two laws ere the Capital Market Authority Law (CMAL) and Kuwait Companies Law (KCL). In this paper, the authors sought answers to two questions: (1) has the performance of the listed companies changed in response to the enforcement of the laws? and (2) was there a direct influence of the laws on that change? The authors found some evidence of significant change in performance. Moreover, they provide evidence of KCL viability as a determinant of better performance. Interestingly, CMAL was found to be inadequate for improving firm performance. Implications and recommendations for further research are provided.

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Corporate governance practices in Indian firms

Journal of Management & Organization ◽

10.1017/s1833367200002170 ◽

2010 ◽

Vol 16 (2) ◽

pp. 266-279 ◽

Cited By ~ 14

Author(s):

Hima Bindu Kota ◽

Sarika Tomar

Keyword(s):

Corporate Governance ◽

Firm Performance ◽

Financial Crisis ◽

Significant Relationship ◽

Global Financial Crisis ◽

Independent Directors ◽

Indian Context ◽

Governance Practices ◽

Financial Scandals ◽

The Global Financial Crisis

AbstractIn the wake of recent financial scandals and in the context of the global financial crisis, corporate governance is especially significant. We examine the effect of corporate governance practices on the performance of 106 mid-sized firms in India, between 2005 and 2007. Our results confirm a significant relationship between CEO duality and firm performance. We also find that a small board is more effective and enhances the value of the firm. However, in the Indian context, we find that non-executive independent directors are failing in their monitoring role.

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Universal corporate governance standards: recommendations following the global financial crisis

Corporate Ownership and Control ◽

10.22495/cocv11i3conf2p5 ◽

2014 ◽

Vol 11 (3) ◽

pp. 438-446

Author(s):

Ronald Henry Mynhardt

Keyword(s):

Corporate Governance ◽

Financial Crisis ◽

Global Financial Crisis ◽

The Global Financial Crisis ◽

A Company ◽

The Way

Corporate governance can be defined as: the set of processes, customs, policies, laws and institutions affecting the way a company is directed, administered or controlled. Suggestions were investigated that the global financial crisis revealed severe shortcomings in corporate governance. Research was conducted to establish whether these suggestions are accurate. The study found that it appeared that corporate governance has failed and action needs to be taken. The study recommends that a world supervisory body on corporate governance be established. It also proposes that a summit be called to discuss and create such an authority. In addition, the formulation of a set of universal corporate governance standards for implementation by the members was suggested

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Dimensions of the global financial crisis: the future of corporate governance and regulation

International Journal of Regulation and Governance ◽

10.3233/ijr-120086 ◽

2009 ◽

Vol 9 (2) ◽

pp. 71-98

Author(s):

Conrad C H Ruppel

Keyword(s):

Corporate Governance ◽

Financial Crisis ◽

Global Financial Crisis ◽

The Future ◽

The Global Financial Crisis

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Evolution of German corporate governance (1995-2014): an empirical analysis

Corporate Governance ◽

10.1108/cg-07-2018-0251 ◽

2019 ◽

Vol 19 (5) ◽

pp. 1042-1062

Author(s):

Andreas Rühmkorf ◽

Felix Spindler ◽

Navajyoti Samanta

Keyword(s):

Corporate Governance ◽

Financial Crisis ◽

Global Financial Crisis ◽

Governance System ◽

Content Type ◽

Convergence Process ◽

Corporate Governance System ◽

Anglo American ◽

The Stability ◽

The Global Financial Crisis

Purpose This paper aims to address the evolution of corporate governance in Germany with a particular regard to whether there can be observed a gradual convergence to a shareholder primacy corporate governance system. Design/methodology/approach To investigate a potential shift of the German corporate governance system to an Anglo-American tiled corporate governance system, the authors have empirically assessed on a polynomial base 52 separate company and corporate governance variables for 20 years (1995-2014). Findings This research suggests that a gradual convergence has taken place prior to the global financial crisis. However, the results suggest that the convergence process experienced a slowdown in the aftermath of the global financial crisis, which may be linked to the stability of the German corporate governance system during the global financial crisis and the political environment during this time. Originality/value This paper contributes to the research by not only analysing the development of the German corporate governance system but also identifying new reasons for this development and explaining why a new convergence process may be observed in the future again.

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